Roots of Economic Crisis
Once upon a time, when the world was still on the gold standard, four men destroyed the financial order of things by engineering, by accident or by design, the collapse of...
Opinion
Credit Card Meltdown Hits Banks
Next up for ailing mega-banks: a credit card meltdown. No surprise here, really; Americans have overused credit cards for years, trusting always in unending economic expansion and plentiful employment to guarantee...
Social Security, Medicare Running Out of Money Faster Than Expected
Social Security and Medicare, Big Government’s two most cherished social-welfare programs, are running out of money far faster than expected, thanks to the persistent economic downturn. Medicare, which is already running...
Cancerous Growth of Government
While every other major component of the economy is shrinking, government at all levels has grown to consume nearly half of America’s gross domestic product. ...
Another Record-breaking Deficit Looms
It’s official: this year’s budget deficit will be one for the record books. The latest figures released by the Obama Administration contemplate a $1.8 trillion deficit for fiscal 2009 as the...
“Prosperity Is Just Around the Corner.” Really?
Back in the bad old days of the Great Depression, the breezy assurance of the Hoover Administration that “prosperity is just around the corner” became, as the years of depression dragged...
Pyramid Schemes Put in Perspective
The real rub of the Ivar Kreuger and Bernie Madoff sagas is that both men were caught doing precisely what governments do as a matter of course through central banking. ...
America’s GDP, Economy Shrink – Again
Despite rosy earnings reports from some closely watched corporations, the Great Recession is far from over, according to the latest economic data from the Commerce Department. America’s GDP, which shrank at...
Did Bernanke and Paulson Commit Bank Fraud?
New revelations from the New York State Attorney General’s office have all but proven that Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Hank Paulson committed bank fraud crimes in...
The High Cost of Cap and Trade
Cap-and-trade programs to control carbon-dioxide emissions are an unacceptably costly way to deal with the supposed problem of man-made global warming. ...
Foreign Aid: Give ’Til It Hurts, Repeat
Item: The Washington Post for March 31 reported: “The billions of dollars spent in U.S. aid to Afghanistan over the past seven years have been largely wasted, Secretary of State Hillary...
Dave Ramsey’s Town Hall for Hope
Dave Ramsey on Thursday evening, April 23, held a town hall-style meeting in Oklahoma City that was webcast to about 6,000 sites, mostly churches, across the country. Ramsey, who has carved...
Obama’s Counterproductive Economic Plan
President Obama on April 10 emerged from a high-level meeting with his economic team and proclaimed there were “glimmers of hope across the economy.” He believed some of those “glimmers” included...
Credit Card Crackdown
Next up for the federal government: the credit card industry. Having already thrown trillions in taxpayer dollars at the banking sector, and having moved to nationalize several of the nation’s largest...
20 Criminal Investigations for TARP Bailout
Neil Barofsky, special inspector general for the TARP, informed Congress April 21 that he has opened 20 criminal investigations and six audits in connection with improper dispensation of bailout funds under...